The Top 3 African Blockchain Projects
Megatech helps solve Africa’s and the world’s energy problems, by utilizing blockchain technology, MGT provides token holders with financial rewards on solar fields owned by the company. The first field, called project Beta, is a 60MW solar farm and will include 100MWh of state-of-the-art storage technology to ensure maximum profitability and the opportunity to sell green renewable energy at peak rates to blue-chip listed entities; that have already signed commitments for offtake.
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Furthermore, 40% of all financial gains realized from this project and future pipeline projects will vest in the MGT (PTY) LTD custodian company which fiduciary directors independently manage on behalf of the token holders who participate in the performance staking program.
Yellow Card was founded in 2016 by Chris Maurice and Justin Poiroux with the idea of enabling Africans at home and abroad to buy and sell cryptocurrency using their local currency via bank transfer, cash, and mobile money.
The startup was officially launched in 2019 in Nigeria where it has over 35,000 merchants and was said to have processed more than US$165 million in crypto remittances in 2020 alone. That same year, it expanded operations to South Africa and Botswana and raised $1.5m seed funding to launch its services in Kenya and Cameroon.
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Yellow Card is the easiest way to buy and sell Bitcoin, Ethereum and Tether instantly at the best rates with zero fees.
Founded in 2014, Stellar is an established blockchain network that aims to “bank the unbanked”. This is especially important in Africa, where citizens still do not have access to core banking and financial services.
This is why Stellar is looking to build an infrastructure throughout Africa that will connect people to the financial system. With that said, Stellar already has the network in place to facilitate fast, efficient and scalable transactions. For example, irrespective of where the sender and receiver are located, Stellar transactions often take less than 4-5 seconds to confirm
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